September 29, 2019

C-Suite, Loan Officer, Origination

5 Reasons to Refinance for Homeowners

To refinance or not to refinance... these days, that is the question. The fact is, refinancing offers many financial benefits to your borrowers. We aggregated five key benefits to share with your borrowers on why refinancing their mortgage could turn out to be the best thing for them, their family and their bank account.

1. Shorten the term of your loan

With record-low interest rates, payments on a 15-year mortgage may be comparable to the 30-year loan payment you've been paying.

2. Lock in a lower rate

Beyond being easier to plan for and budget, locking into a fixed rate can protect you from rising interest rates in the coming years.

3. Lower your interest rate

In general, if you can reduce your interest rate by at least 1%, refinancing your home could literally save tens of thousands of dollars over time.

4. Cash-out home equity

From paying off credit card debt to educational costs, refinancing can be a great way to convert home equity into money you can utilize now.

5. Save on monthly payments

Reducing your payment could free up hundreds of dollars per month that can be saved for a rainy day or invested back into your home.

Go Back

5 Reasons to Refinance for Homeowners Infographic

We aggregated our top 5 benefits refinancing offers homeowners into a printable infographic for you to share with your borrowers.
Download free now!

Card image cap

Are You Ready for URLA Updates?

According to the GSEs, the new Uniform Residential Loan Application (URLA) is designed to enhance data quality, improve consistency and clarity, and strengthen the entire application process.

Card image cap

Podcast: The Accelerated Digitization of Title

Learn how the COVID-19 pandemic has accelerated the adoption of digital solutions in the title industry.

Card image cap

Meet the Radian Bots

Learn about Robotic Process Automation and the "bots" that assist Radian's operations teams.

Card image cap

Risk and Reward: A Women in Housing Special Edition

Radian’s SVP of Enterprise Risk Management shares her insights on trends shaping the industry and advice to young professionals.

Card image cap

Podcast: Home Prices in the Pandemic

Six months into the U.S. COVID-19 pandemic, how is the housing market faring?

Card image cap

Demo: Radian Real Estate Analytics Portal

Learn about the latest advances in housing intelligence, including computer vision artificial intelligence.

Card image cap

Meet the Faces of Title

The Radian Title Services sales leaders share their insights on changes impacting the title industry.

Card image cap

The Evolution of Valuations: How Technology is Changing the Landscape

Radian and Fannie Mae discuss how the industry has evolved over recent years and how technology could impact the future.

Card image cap

The Impacts of AI on Modern Home Price Indices

In this complimentary insight report, learn how Artificial Intelligence (AI) and Machine Learning (ML) acting on very large datasets have made it possible to upgrade the home price index.

Card image cap

Understanding New Appraisal Flexibilities

Radian and Freddie Mac discuss the latest changes in the appraisal industry as we navigate the impact of COVID-19.